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Economic stability alone is not enough
EDITORIAL: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal in a letter to Prime Minister Shehbaz Sharif, leaked to a section of the media, expressed extremely serious reservations on the strategy of achieving fiscal stabilization by compressing development expenditure and borrowing more. There is overwhelming evidence that proves the veracity of his assessment: Public Sector Development Programme (PSDP) expenditure was budgeted at 5 percent of the total outlay this year (one trillion rupees against an outlay of 18.771 trillion rupees) against 6.25 percent budgete...
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